The first drill hole took 3 weeks, the next two holes could take another 5-6 weeks. Then you have the assays which could take two months. We won't know how big this is untill all results are back and assayed. Then we have phase 2, again will take months. This is why I say don't worry about the day to day SP. The real value will take months to realize. By then the company should be making 12 million a year. We might have a small raise to pay for bushranger drilling but that's an unknown at the moment. If there is, the value of bushranger will more than make up for it. Stay strong and wait for the real value increase.
Bushranger currently has an average CU grade of .4% which is quite high compared to other porphyrys. Grades increase with depth and we have quite the depth. All we need now is the width. This could be a massive porphyry with some of the best grade in the area. I am not selling a single share and will wait to see how big this turns out to be. Could be a millionaire maker here. Forget about the daily SP and hold out for the big bucks.
Colin must of been reading the board as he has informed us of the degree of the hole! Now we can do calculations on size a bit more accurately, granted we don't have the width yet but we can guess that part for now.
In my opinion we are just at the mcap for the value of our current assets, excluding bushranger. There is still a long way for this to go. It could still 5 bag and more from here. All depends on the values but I will not be selling any till we're in the 20s.